Image via WikipediaAuthor: Andrew TimothyJAKARTA - MICOM: Indonesia Stock Exchange (BEI) to urge the government requires foreign companies operating in strategic sectors in the country to register themselves on the local bourse.By becoming a public company, the foreign companies will become more transparent and easily monitored.

"Our hope is that the government should push through regulations to require a strategic asset management company in the minerals sector, retail, and plantations for IPOs in the BEI," said Director Eddy Sugito Company Valuation IDX IDX AGM after the ceremony in Jakarta, Wednesday (8 / 6).
Earlier, in a national media Agus Martowardojo Finance Minister said the government will require foreign companies operating in the country listed himself on the domestic bourse, with the release of at least 40% of its shares to the public.The government, he said, also would require that foreign companies listed on the Stock Exchange to increase public shareholding to 40%.
Mandatory listing on the Stock Exchange Policies will apply to foreign companies engaged in the mining sector, natural resources, marine, agriculture, plantation and forestry.
This, according to Agus, conducted to provide opportunities for national investors to buy shares and supervise foreign enterprise that has formed a limited liability company (PT) is.
Agus gave an example, some companies are obliged to sell 40% stake to the public, such as PT Freeport Indonesia, Eramet, and PT International Nickel Indonesia (INCO).
"The government really expect a business related to the lives of many people into a public company. The company is expected to release about 40% -60% of the shares to the public.
Eddy said the capital market authorities responded positively if the government can realize its plan to encourage foreign companies listed its shares in BEI.
The reason, besides having transparency and better accountability, with the listed foreign companies which during the dredge and the results of Indonesia's natural wealth can contribute to the development of national capital markets.
"Exchange market capitalization would be increased so that our capital market will become more attractive," he said. (Atp/OL-9)
Source:mediaindonesia.com

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